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FEATURED FOR SALE

Beautiful luxury villa with seaviews in Limassol Detached House, Limassol
€2,220,000
Beautiful luxury villa with seaviews in Limassol
Attractive Top floor 3-bed in Acropolis! Apartment, Nicosia
€210,000 Per month
Attractive Top floor 3-bed in Acropolis!
 Super Modern Flat with roof garden Apartment, Nicosia
€360,000
Super Modern Flat with roof garden
Seafront House in Limassol with Yacht Mooring Detached House, Limassol
€6,592,000
Seafront House in Limassol with Yacht Mooring
Luxury, Modern, Fully Automated, Renewable Sources Semi Detached House, Nicosia
€650,000
Luxury, Modern, Fully Automated, Renewable Sources
Deluxe 2 bed Apartment at Strovolos area Ground floor apartment, Nicosia
€255,000
Deluxe 2 bed Apartment at Strovolos area

BOC announces €553m net loss, real est...

BOC announces €553m net loss, real estate fund to reduce NPLs
Bank of Cyprus (BoC) said Tuesday it generated an after-tax loss of €553m on reduced net interest income in the first nine months of the year, as it announced new initiatives to reduce bad loans faster. The island’s largest lender had recorded a net profit of €62m at the same period last year. BoC said it also received regulatory approval to set up a real estate fund and have it listed on the Cyprus Stock Exchange. The bank’s income dropped 3 per cent in the first nine months, to €693m, mainly on reduced net interest income, which fell 13 per cent, to €454m. Total provisions and impairments rose to €840m in the first three quarters of 2017, from €301m a year before, or 180 per cent, the bank said. It includes €729m in provisioning charges, up 173 per cent, €38m in impairments of other financial and non-financial assets, up 11 per cent, and €73m in provisions for litigation against zero in the respective period last year. The bank reduced its delinquent loan portfolio by €588m in the third quarter to below €9.2bn, or 47.6m, for the very first time since the introduction, in December 2014, of the current classification rules…

2 days ago

FEATURED FOR RENT

Detached House, Nicosia
€3,500 Per month
Luxury 4 Bedroom House in Lakatamia
Detached House, Nicosia
€3,000 Per month
Spacious Unique character for the demanding ones
Upper level house, Nicosia
€1,650 Per month
3-BEDROOM/OFFICE UPPER STYLISH HOUSE NEAR KPMG
Detached House, Nicosia
€3,500 Per month
Beautiful 4 bedroom Detached House at Lakatamia
Detached House, Nicosia
€4,500 Per month
Seven Bedrooms Luxury Villa in Dali
Detached House, Nicosia
€3,200 Per month
Beautiful family home in quite neighbourhood


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